Core Logic
The good news about the boom in new and existing home sales in Dallas just keeps rolling in. It won’t last forever, of course, but let’s enjoy it while we have it. Sales of new single-family homes increased for the third consecutive month, rising to their highest level since 2006. Between June and July, sales…
Read MoreCoreLogic Inc. says home prices in the Dallas area rose by 4.5 percent in October, up from a year earlier. Nationwide, some areas saw a 6.3 percent increase when looking back at October 2011. Pulling out those distressed home sales, which CoreLogic does so well and why I like this index better than Case-Shiller, we…
Read MoreMy friend Jonathan Miller is the one who really helped me see the light: the Case Shiller Index ain’t what its cracked up to be. It was designed for Wall Street, not to be devoured by the average U.S. consumer. There is a major lag time between the actual data and reporting. It doesn’t include new home sales or construction, which,…
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